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Treasurer Lynn Fitch and College Savings Mississippi Giving Out Over $3150 in MACS Scholarships

Posted On:
5/16/2018

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Jackson, MS. Treasurer Lynn Fitch and College Savings
Mississippi are excited to host another MACS (Mississippi Affordable College
Savings) scholarship opportunity for Mississippi students.The Race to College contest will be held
during the Mississippi High School Activities Association (MHSAA) State
Baseball Championships at Trustmark Park on May 17-18, 2018.

“Our partnership with the MHSAA is just one of the ways we
engage the community and encourage families to prepare for the rising cost of their
children’s education,” said Treasurer
Fitch. “When families are proactive about saving for their child’s future,
they are not only helping themselves, they’re also advancing our State’s economic
goals.”

College Savings Mississippi will host one Race
to College relay during each of the six games on May 17-18, 2018. Two
contestants will be randomly chosen from entrants to participate in each race.
Each contestant will race to designated stations to submit a mock 529 college
savings account application, deposit funds into their 529 account, put on a backpack
to go to college, and finally receive their cap and gown to run back to the
starting line. The first to finish each relay will win a $529 MACS scholarship.

“I look forward to awarding six MACS scholarships during this
year’s State Baseball Championships,” Treasurer
Fitch continued. “The Race to College is a great visual
display of the many steps needed to get your child to college and set them off
on the road to success with as little debt as possible. The average Mississippi
graduate with student loan debt starts their career with almost $30,000 in
debt. Saving for college now can make a
big difference in helping them achieve their dreams.”

Under new federal tax laws, MACS can also be used to pay up
to $10,000 per calendar year in tuition costs for a child at public, private,
or religious elementary and secondary schools as well.